2022-11-25 08:41:49

China rolls out private pension scheme in 36 cities

Logo Channel NewsAsia
Channel NewsAsia
By Cna

Best News Website or Mobile Service

WAN-IFRA Digital Media Awards Worldwide

Best News Website or Mobile Service

Digital Media Awards Worldwide

SHANGHAI : China launched a private pension scheme in 36 cities on Friday as it grapples with a rapidly ageing population.

The move marked the official launch of the third pillar of China's pension system, with the first batch of cities including Beijing, Shanghai, Guangzhou and Chengdu, the Ministry of Human Resources and Social Security said in a statement.

The co-called third pillar will supplement the existing two pillars - public safety net, and corporate annuities.

Continue read on channelnewsasia.com

Logo Daily Mail
HealthBy Chris Jewers2022-11-24 09:33:51
China has ordered six million people into lockdown after hundreds of workers took to the streets around the vast iPhone factoryin Zhengzhou on Wednesday....

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 07:24:53
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide HONG...

Logo South China Morning Post
EconomyBy Luna Sun2022-11-24 15:00:15
As daily Covid-19 cases reached a record high on Wednesday, the economic impact appears comparable to when Shanghai endured a citywide lockdown in the spring...

Logo South China Morning Post
Business / FinanceBy Enoch Yiu2022-11-23 02:00:48
Chinas private pension market is estimated to be worth around 10 trillion yuan (US$1.5 trillion) by 2030, according to McKinsey & Co The CBIRC publishes...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 06:18:10
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SHANGHAI :...

Logo Daily Mail
Business / FinanceBy Tanya Jefferies2022-11-25 07:00:46
People making withdrawals from retirement pots have had to reclaim 925million in overpaid 'emergency tax' since pension freedom reforms were introduced in...

Logo PR Newswire
BEIJING, Nov. 24, 2022 /PRNewswire/ -- On November 20, 2022, the China Corporate Social Responsibility Forum in Africa was held in the framework of press...

Logo The Guardian
HealthBy Verna Yu2022-11-24 18:29:17
China has imposed a fresh series of Covid lockdowns, including in a city where workers at the worlds largest iPhone factory clashed with police this week, as...

Logo The New York Times
EnvironmentBy Amelia Nierenberg2022-11-24 21:00:05
Plus Malaysias new prime minister and the week in culture. Covid anger grows in China As Chinas harsh Covid rules extend deep into their third year, there...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-24 11:43:38
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BEIJING :...

Logo The Business Times
Business / Finance2022-11-25 08:41:22
CHINAS central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter...

Logo South China Morning Post
EconomyBy Frank Tang2022-11-24 10:00:39
Premier Li Keqiang stresses importance of an economically strong fourth quarter to help get Chinas full-year growth back to a reasonable range But with no...

Logo The Economist
Business / FinanceBy The Economist2022-11-24 15:11:18
F ew jobs are guaranteed to turn hair grey faster than running operations for a multinational business in China. Diplomatic spats and consumer boycotts are...

Logo PR Newswire
BAISE, China, Nov. 25, 2022 /PRNewswire/ -- On November 2, the press conference on the 20th anniversary of the establishment of Baise City was held in...

Logo South China Morning Post
EconomyBy Djoomart Kaipovich Otorbaev2022-11-25 00:30:14
Dual circulation aims to rebalance Chinas economy by reducing dependence on exports and big fixed-asset investments, against an increase in consumption. This...

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-25 08:40:51
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BEIJING :...

Logo Bloomberg
PoliticsBy Kari Soo Lindberg2022-11-25 03:09:34
The number of American companies with regional headquarters in Hong Kong has dropped below mainland Chinese firms for the first time in at least 31 years....

Logo Channel NewsAsia
Business / FinanceBy Cna2022-11-23 11:33:06
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BEIJING :...

Logo PR Newswire
BEIJING, Nov. 24, 2022 /PRNewswire/ -- China Focus releases a new feature on China's Efforts in World Heritage Sites Conservation. The feature is contributed...

Logo PR Newswire
BEIJING, Nov. 24, 2022 /PRNewswire/ -- A news report from chinadaily.com.cn : Digital divides need to be further narrowed with partnerships from multiple...